The Asociación Accidental Tunari (AAT), which is executing the Cochabamba Metropolitan Train project, reported that the government owes it nearly 297 million bolivianos ($42.67 mn) in payroll and almost eight million ($1.15 mn) in interest. Additionally to this amount, Bs 330.6 million ($47.5 mn) have not yet invoiced for the progress of work as of December 2019. The debt caused the contract of the consortium formed by the companies JOCA from Spain, Molinari from Switzerland and the Bolivian State to be suspended due to default.
Day: Jul 9, 2020
Builders of Tarija demand payment of $100 mn debt
Construction entrepreneurs in Tarija are protesting to demand the payment of total debt of Bs 700 million ($100 mn), accumulated between the central government and subnational entities.
Construction activity decreases by 48%
Construction activity fell by 48% in April 2020 compared to the same month in 2019, according to data from the INE's Global Economic Activity Index (IGAE). Added to this critical situation are the debts that national and sub-national public entities have with the country's construction companies, which border on Bs. 2.5 billion ($359.2 mn).
Without the credits requested to the Government, Amaszonas reduces the salary of its 520 workers by 50%
The airline paralyzed for 107 days with 99% of its activities stopped by the coronavirus pandemic. Before that, the company generated between 5 and 7 million dollars a month, but now its income has been reduced to 1%, so it cannot meet the payment of salaries, rents and other responsibilities.
The volume of Non-Traditional Exports falls 38.43% and rises 5% in value
Exports of non-traditional Cochabamba products fell by 38.43% between January and May 2020, compared to the same period in 2019, although they rose by 5% in value. This data, however, is altered by gold bars, without which the real percentage would be 2%. Items like wood, plastic and leather have been the most affected with falls of more than 50 per cent in value.
Five drugs against Covid-19 increase in price by up to 300%
At least five drugs to treat Covid-19 have registered price increases of more than 50% in recent days and some cases up to 300%. Some pharmacies offer Ivermectin at Bs 60 per tablet ($8.6). The reference price of this drug published in May by Agemed is 8.45 bolivianos ($1.21) for a 3-milligram tablet and 14.7 ($2.11) for a 6-milligram tablet. Bolivia feels the impact due to the closing of the border and exports from other countries.
Bolivia Económica 